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PVI Colorized 4U is an indicator that helps you identify market phases with high volume.
PVI (Positive Volume Index) is commonly used to analyze periods of increased trading activity - when the market is experiencing heightened interest and engagement from traders.
On high-volume periods:
- If the price rises, PVI increases accordingly, signaling an uptrend.
- If the price falls, PVI also falls, indicating a downtrend.
This can help you spot potential trends based on price action and liquidity during periods of high market volatility.
If you're looking for more advanced features, you might want to try PVI Pro, the upgraded version of this indicator. It offers a smoothed moving average, color-coded visuals, background highlights, marker signals, and alerts via popup, sound, email, or SMS.
You don't need a budget to start – several of our NT8 indicators are free to download and keep. Try one and see.
Dedicated NinjaScript Signals
- Signal_Trend: 1 = uptrend, -1 = downtrend
Software Changelog
- 17 Mar 2025:The indicator was released (built new).
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